Some companies don’t just grow—they share their success with investors regularly. These are the dividend machines of the ASX: businesses with strong profits, steady cash flow, and a solid history of rewarding shareholders year after year. Whether you’re a seasoned investor or just beginning your journey into dividend investing, selecting the right income stocks can provide not only peace of mind but also a steady stream of earnings that beats inflation and market volatility.

Let’s explore why Embark Early Education (ASX: EVO) and ANZ Group Holdings (ASX: ANZ) have earned their status among the best dividend stocks ASX has to offer. These companies aren’t just surviving—they’re thriving and sharing their gains consistently with investors.

1. Embark Early Education (ASX: EVO): A Quiet Performer With Loud Dividends

While it might not be the first name that comes to mind in income stocks, Embark Early Education has steadily built its presence in the Australian childcare industry. Operating 38 early childhood centres with 3,179 licensed places, EVO has developed a robust business model driven by consistent demand and a disciplined operational approach.

Financial Snapshot (2024)

Revenue: $74.64 million (up 28.3% YoY)

Net Profit After Tax: $8.29 million (up 8.2% YoY)

Occupancy Rate: 80% average

Dividend Yield (2023): Over 8%

This strong growth wasn’t just on paper. The dividend per share has tripled in just two years—from $0.02 in 2022 to $0.06 in 2024. In fact, since June 2024, the company has maintained a quarterly dividend of $0.015, clearly positioning itself as a provider of reliable dividends in a non-cyclical sector.

What makes EVO particularly appealing in dividend investing is its stability. Even in uncertain economic environments, demand for childcare remains steady, supporting cash flows and enabling continued ASX payouts.

Why It’s a Dividend Machine

Low capital intensity means more cash for shareholders.

Consistent increase in licensed places and staff, indicating future growth.

Regular quarterly dividends, unusual for smaller-cap ASX stocks.

With a yield that outpaces many high yield ASX stocks, Embark proves that even small players can deliver big when it comes to dividends.

2. ANZ Group Holdings Limited (ASX: ANZ): A Banking Behemoth With a Generous Payout Policy

When it comes to best dividend stocks ASX wide, major banks like ANZ are often at the top—and for good reason. ANZ has consistently delivered returns to its investors, supported by a robust balance sheet, expanding operations, and a strong customer base.

Financial Snapshot (2025)

Revenue: $35.63 billion

Net Income: $3.64 billion

Dividend (2024): $1.66 per share

Dividend Yield (2024): 5.45%

Payout Ratio: Over 70%

These numbers make a compelling case for dividend investing in ANZ. Over the past five years, its dividend has nearly tripled from $0.60 in 2020 to $1.66 in 2024. Despite minor fluctuations, the overall trend shows increasing ASX payouts backed by growing earnings.

Strategic Moves Fueling Growth

1. Suncorp Bank Acquisition: Expected to lift customer deposits by 19% and net loans by 18%.
2. ANZ Plus Digital Platform: Enhancing customer experience and driving retention.
3. Strong Institutional Segment: Provides resilience against retail banking headwinds.

Unlike some income stocks that compromise future growth to sustain dividends, ANZ continues to innovate while maintaining generous payouts—a rare balance.

Why It’s a Dividend Machine

1. Established history of paying and growing dividends.
2. Solid financial fundamentals and low credit risk exposure.
3. Diversified income streams across Australia, New Zealand, and the Pacific.

Investors seeking high yield ASX stocks with a dependable track record will find ANZ’s consistent delivery appealing in both bull and bear markets.

Why Dividend Machines Matter More Than Ever

In today’s economic climate—marked by rising interest rates, global uncertainty, and inflation—reliable dividends offer stability. Investors are increasingly drawn to ASX payouts that provide consistent cash flow, especially in portfolios meant for retirement or passive income.

Here’s why these dividend machines stand out:

EVO brings stable income from an essential service with room for expansion.

ANZ provides both scale and security, with dividend strength backed by billions in revenue.

Combined, these two examples show how dividend investing isn’t just about yield—it’s about sustainability, consistency, and shareholder focus.

Final Thoughts

Not all income stocks are created equal. But in the world of ASX payouts, Embark Early Education and ANZ Group Holdings demonstrate what it takes to be true dividend machines. They offer the perfect mix of financial strength, growth prospects, and investor-friendly policies—qualities that make them ideal picks for anyone building a passive income portfolio.

So, whether you’re seeking high yield ASX options or looking for reliable dividends from trusted names, these companies stand tall among the best dividend stocks ASX investors can rely on.

Disclaimer:

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